Approved u/s. 10(23G) of the Income-tax Act, 1961 - 'M/s Ahmedabad Mehsana Toll Road Company Limited' - 168/2003 - Income Tax

Approved u/s. 10(23G) of the Income-tax Act, 1961 - 'M/s Ahmedabad Mehsana Toll Road Company Limited' Notification No. 168 of 2003, dt. 8th July, 2003 . It is notified for general information that enterprise/industrial undertaking, listed at para (3) below has been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962, for the assessment years 2003-2004, 2004-2005 and 2005-2006. 2. The approval is subject to the condition that- (i) the enterprise/industrial undertaking will conform to and comply with the provisions of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962; (ii) the Central Government shall withdraw this approval if the enterprise/industrial undertaking : (a) ceases to carry on infrastructure facility; or (b) fails to maintain books of account and get such accounts audited by an accountant as required by sub-rule (7) of rule 2E of the Income-tax Rules, 1962; or (c) fails to furnish the audit report as required by sub-rule (7) of rule 2E of the Income-tax Rules, 1962. 3. The enterprise/industrial undertaking approved is- M/s Ahmedabad Mehsana Toll Road Company Limited , Gandhinagar, having its registered office at Secretary, Roads and Building Department, Government of Gujarat, Block No. 14, Second Floor, Sachivalaya, Gandhi Nagar-380010 for their project to widening and strengthening of State Highway No. 41 between the cities of Ahmedabad and Mehsana on BOOT basis. [F.No. 205/8/2000/ITA-II]